Gaming News
| Published On Jun 19, 2024 8:59 am CEST | By Jenny Patel

Sonic Raises $12 Million to Expand Gaming Blockchain on Solana

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Sonic, a layer-2 blockchain tailored for gaming on Solana, has secured $12 million in its Series A round in a significant funding milestone. Bitkraft led the funding, with Galaxy Interactive and Big Brain Holdings also participating, as detailed in a press release.

The funds will fuel growth initiatives for Sonic, enhancing its protocol tailored for game development and execution on Solana. The platform features “built-in mechanisms designed specifically for game development and execution on Solana, such as a sandbox environment, customizable gaming primitives and extensible data types, all while boasting the fastest on-chain-gaming experience,” according to the press release.

Led by CEO Chris Zhu, Sonic was developed by Mirror World Labs, an infrastructure firm established two years ago. Zhu, a New York University graduate with prior experience at ByteDance, aims to position Sonic as the premier choice for gaming studios within the Solana ecosystem.

“We expect the Sonic SVM to become the go-to destination for any gaming studio that wants to build games within the Solana ecosystem,” said Justin Swart, principal at BITKRAFT, emphasizing Sonic’s potential impact.

The Series A funding builds on Sonic’s earlier success, following a $4 million seed round in 2022, bringing total funds raised to $16 million, according to the press release.

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Jenny Patel

Jenny Patel, a dedicated freelance writer, has been consumed by her love for gaming since her childhood days. Her go-to games growing up were Elder Scrolls V: Skyrim on PC and Halo 3 on XBOX. Jenny now enjoys the flexibility of working remotely, allowing her to explore the world while indulging in her gaming passion.

Tags: SolanaSonic